North Carolina General Statutes § 105-277.9 (Effective for taxes imposed for taxable years beginning before July 1, 2011) Taxation of property inside certain roadway corridors

Real property that lies within a transportation corridor marked on an official map filed under Article 2E of Chapter 136 of the General Statutes is designated a special class of property under Article V, Sec. 2(2) of the North Carolina Constitution and is taxable at twenty percent (20%) of the appraised value of the property if each of the following requirements is met:

(1)        As of January 1, no building or other structure is located on the property.

(2)        The property has not been subdivided, as defined in G.S. 153A-335 or G.S. 160A-376, since it was included in the corridor.  (1987, c. 747, s. 22; 1998-184, s. 2; 2011-30, s. 1.)

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Last modified: March 23, 2014